The Cayman Islands get ready for AIFMD
From 22 July 2013, new regulations will apply to alternative investment fund managers (AIFMs) actively marketing alternative investment funds (AIFs) to professional investors in the EEA, including AIFMs and AIFs, which are domiciled in the Cayman Islands. Those regulations arise under the EU’s Alternative Investment Fund Managers Directive (AIFMD).
From 22 July 2013, in accordance with the private placement marketing provisions of AIFMD, all Cayman AIFMs marketing to professional investors in the EEA will have to ensure that they comply with the disclosure, reporting and (private-equity) asset stripping provisions of AIFMD (which are also, of course, applicable to all EEA-based AIFMs).
This briefing describes how the Cayman Islands have prepared in order to enable Cayman AIFMs and AIFs to continue to market actively to professional investors in the EEA from 22 July 2013 as anticipated by the AIFMD pursuant to continuing national private placement regimes, where available in relevant EEA member states…
If you are registered and logged in to the site, click on the link below to read the rest of the Mourant Ozannes briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.